n 1/1/2022 the Gulf bank started it’s businesses in Bahrain with the capital of 10000000 BD. 5000000 BD is deposited on the central bank, 2000000 BD deposited on Arab Bank, and 1000000 BD deposited on National of Bahrain bank, and the rest of the capital kept on the bank cash. The following transaction happened on the first week 2- Withdrawing 1500000 BD from Arab Bank and deposit the money in the central bank 3- 200000 BD paid cash to payment fund on the bank 4- The bank paid from the payment fund 50000BD, rent of the bank offices and 7500 BD Stationary 5- The bank purchased furniture cost of 75000BD, paid by check to be paid from Arab Bank account 6- The bank purchased computers cost of cost of 30000BD, cars cost of 50000 , paid by check to be paid from National bank of Bahrain 7- The amounts that the bank received by the receipt account was 210000 as follows. • 102000 BD Current accounts • 28000 BD saving accounts • 80000 BD debit accounts 8- The amounts that the bank accounts have withdrawals cash from bank as follows. • 55000 BD Current accounts • 30000 BD saving accounts 9- the service fees that the bank deducted from the accounts as follows · 1000BD from current accounts · 500BD from saving accounts Requirements: • Record the financial transactions on Gulf bank books
In 1/1/2022 the Gulf bank started it’s businesses in Bahrain with the capital of 10000000 BD. 5000000 BD is deposited on the central bank, 2000000 BD deposited on Arab Bank, and 1000000 BD deposited on National of Bahrain bank, and the rest of the capital kept on the bank cash.
The following transaction happened on the first week
2- Withdrawing 1500000 BD from Arab Bank and deposit the money in the central bank
3- 200000 BD paid cash to payment fund on the bank
4- The bank paid from the payment fund 50000BD, rent of the bank offices and 7500 BD Stationary
5- The bank purchased furniture cost of 75000BD, paid by check to be paid from Arab Bank account
6- The bank purchased computers cost of cost of 30000BD, cars cost of 50000 , paid by check to be paid from National bank of Bahrain
7- The amounts that the bank received by the receipt account was 210000 as follows.
• 102000 BD Current accounts
• 28000 BD saving accounts
• 80000 BD debit accounts
8- The amounts that the bank accounts have withdrawals cash from bank as follows.
• 55000 BD Current accounts
• 30000 BD saving accounts
9- the service fees that the bank deducted from the accounts as follows
· 1000BD from current accounts
· 500BD from saving accounts
Requirements:
• Record the financial transactions on Gulf bank books
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